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A new report from the Real Estate Center at
Texas A&M University explains what developers need to know to
accurately assess the need for seniors housing in a particular market.
The report also suggests sources of information. According to the American Seniors Housing
Association, 591 projects totaling more than 65,000 seniors housing
units were built in 1999, up 30 percent from 1998. Most (68 percent)
were assisted-living units. The fastest-growing segment of the
industry is continuing-care retirement communities. California is the top producer of seniors
housing. Florida, Texas, North Carolina and New York follow. The
top three accounted for 28 percent of all 1999 seniors construction. What's surprising is that all this comes at
a time when the senior population is not growing substantially. Assessing Housing Markets
for Seniors
covers
what developers need to know about seniors, demographics, housing
patterns, defining market areas, analyzing supply and demand and data
and other sources. NOTE: To order the 17-page report, send $5
to the Real Estate Center, Texas A&M University, 2115 TAMU, College
Station, TX 77843-2115. Ask for report 1418. To order by credit card,
call toll-free 800-244-2144. |
